Exemption for personal property of electric generation facilities using natural gas as primary fuel.

The bill establishes a tax exemption for personal property of electric generation facilities with 40 to 50 megawatts of nominal installed capacity. To qualify, the facility must use natural gas as its primary fuel, be owned and operated by a municipal power agency, and have construction commenced between January 1, 2027, and January 1, 2030. The facility must also receive approval from the city and county governing bodies where it is located. The exemption does not apply to electric transmission lines, interconnections, or gas pipelines.

Exemption for personal property of electric generation facilities using natural gas as primary fuel.

The bill establishes a tax exemption for personal property of electric generation facilities with 40 to 50 megawatts of nominal installed capacity. To qualify, the facility must use natural gas as its primary fuel, be owned and operated by a municipal power agency, and have construction commenced between January 1, 2027, and January 1, 2030. The facility must also receive approval from the city and county governing bodies where it is located. The exemption does not apply to electric transmission lines, interconnections, or gas pipelines.